Published : Jan. 28, 2016 - 14:22
Korea Electric Power Corp. is on the prowl for acquisitions to boost its alternative-energy portfolio.
The firm, listed on Korea’s KOSPI and the U.S.’s New York Stock Exchange, said Thursday that it has signed M&A advisory firms in preparation for potential deals in the fields of both alternative energy and conventional fossil-fuel-based power generation.
Solar panels (123rf)
“We have completed the selection of advisory firms,” the Naju, South Jeolla-based firm said in a regulatory filing in Seoul. “But nothing has been decided yet as to the acquisition plans.”
The filing came after a local media outlet reported that the KEPCO was pushing for two deals simultaneously – one to buy a 30-megawatt solar power facility in the U.S. and the other to take over several solar facilities in the U.K. with a combined capacity of 330 megawatts in a package deal.
By Lee Sun-young (milaya@heraldcorp.com)